Hepner Corporation has the following stockholders’ equity accounts: Preferred stock (6% cumulative dividend) . . . . . . . . . $500,000Common stock . . . . . . . . .  . 750,000Additional paid-in capital . . . . .300,000 Retained earnings . . . . .. 950,000 The preferred stock is participating. Wasatch Corporation buys 80 percent of this common stock for $1,600,000 and 70 percent of the preferred stock for $630,000. The acquisition-date fair value of the noncontrolling interest in the common shares was $400,000 and was $270,000 for the preferred shares. All of the subsidiary’s assets and liabilities are viewed as having fair values equal to their book values. What amount is attributed to goodwill on the date of acquisition?

Q: A company has the following capital stock outstanding: preferred shares of $15,000, common shares of…

A: Preferred stock: These stocks are somehow similar to the common stock but hold some privileges in…

Q: ow many share would be outstanding after a 2:1 stock split

A: A stock split is when a company divides the existing shares of its stock into multiple new shares.…

Q: Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and…

A: Total dividend to be paid to preferred holders=Number of share×Par value×10%=5,000×$2×10%=$1,000

Q: Disraeli Corporation has 10,000 shares of 10%, $100 par value, cumulative preferred stock…

A: Dividend to common stockholders = 50000 shares x $1.50 per share = $75,000 Dividend to Preferred…

Q: Smalley, Inc., has preferred and common stock outstanding as follows:   $5 preferred stock, 40,000…

A: Total Equity = Preference share capital + Equity share capital + Retained earnings Preference share…

Q: XYZ Company has 50,000 shares of cumulative, 4%, $10 par preferred stock and 100,000 shares of $2…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Zeff Corporation has 2,000 shares outstanding of cumulative preferred stock and 6,000 shares of…

A: Cumulative preferred stock is a stock whose dividend keeps on cumulating if not received in any…

Q: Hoyt Corp.'s current balance sheet reports the following equity: 5% cumulative preferred stock, par…

A: Book value per share: This is a financial ratio that measures the value of shareholders’ equity…

Q: Netpass Company has 100,000 shares of common stock authorized, 90,000 shares issued, and 40,000…

A: No. of shares issued and outstanding = No. of common stock issued - treasury stock = 90000 shares -…

Q: Bernard Corporation has the following shares outstanding: 8,000 shares of $50 par value, six percent…

A: Dividend on common stock = no. of shares x Dividend per share = 50,000 shares x $2.20 per share =…

Q: oder, Inc. has 100,000 shares of P10 par value common stock and 50,000 shares of P10 par value, 6%,…

A: We know that preference shares are hybrid instruments that have the characteristics of both debt and…

Q: Zelda Corporation had outstanding 5,000 shares of $40 par, 8 percent cumulative preferred stock and…

A: Common stock: Common stock is the stock that is directly to the investors at a very minimal cost…

Q: Foley Corporation has the following capital structure at the beginning of the year: 6% Preferred…

A: Date Particulars Amount Amount 01/02 Common Stock A/c Retained Earnings A/c     To Bank A/c…

Q: Enscoe Enterprises, Incorporated (EEl) has 240,000 shares authorized, 210,000 shares issued, and…

A: Shares outstanding=Shares issued-Shares reacquired Book value per share=(Common stock+Retained…

Q: Raedy Corporation reported the following equity section on its current balance sheet. The common…

A: Stock-spilt means an issue of new shares to the existing shareholders of the company. A 2 for 1…

Q: Presented below is the information necessary to compute the net assets and book value…

A: Note: It is assume that retained earnings is in negative amount i.e. in deficit. It is assume that…

Q: Ayayai Company has outstanding 2,700 shares of $100 par, 7% preferred stock and 14,100 shares of $10…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The company with the common equity acounts shown here has declared a 15 percent stock dividend when…

A: Par value will get reduced as follows:

Q: Huxley Company has 239699 shares of common stock authorized, 190997 issued, and 57975 shares of…

A: Dividend paid = No. of shares issued and outstanding x Dividend per share where, No. of shares…

Q: Hudson-Perry Recordings Inc. has one issue of preferred stock and one issue of common stock…

A: Calculate the original price of per share as follows:

Q: Seymore Corp. has the following number of shares of stock outstanding: Cumulative preferred stock,…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: Green Planet Corp. has (a) 5,800 shares of noncumulative 12% preferred stock with a $2 par value and…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Green Planet Corp. has (a) 5,000 shares of noncumulative 10% preferred stock with a $2 par value and…

A: Solution: i) Preference Shares are one of the financial instrument, preferred shares are commonly…

Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…

A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…

Q: The company with the common equity acounts shown here has declared a 15 percent stock dividend when…

A: Percentage of New Stocks Issue (PNSI) = 15% Number of Existing Common Stocks (NECS) = $406,000 ÷ $1…

Q: Belmont, Inc., has outstanding 10,000 shares of $200 par value, 7% nonparticipating, cumulative…

A: Workings:

Q: Weil Corporation has 80,000 shares of $8 par value common stock outstanding. Complete the following…

A: The stock dividend increases the number of outstanding shares and decreases the balance of retained…

Q: nillox has 5,000 shares of stock outstanding th a par value of $1.00 per share and a arket price of…

A: Stock Dividend =5,000×10%                              =500                        Balance sheet…

Q: Saturn Corporation has 19,000 shares of 10%, $76 par noncumulative preferred stock outstanding and…

A: Dividend is defined as the distribution of some of the earnings of the company to the class of its…

Q: Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of…

A: No. of shares issued and outstanding = No. of shares issued - No. of treasury stock = 158963-79891 =…

Q: Kosmier Company has outstanding 500,000 shares of $50 par value common stock that originallysold for…

A: Given information is: Kosmier Company has outstanding 500,000 shares of $50 par value common stock…

Q: Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and…

A: Here green plant corp has paid cash dividend of $800 for year 1 and $1700 for year 2 But proper…

Q: Is Partlow’s preferred stock cumulative or noncumulative? How can you tell? Partlow declares cash…

A: Given:

Q: The company with the common equity accounts shown here has declared a 12 percent stock dividend at a…

A: Common stock = 400,000   12% stock dividend so common shares will increase by 12%*400,000 = 48,000…

Q: The current stockholders' equity account for Hilo Farms is as follows: $ 210,000 Common stock…

A: Stock dividend is a dividend payable in number of shares not in cash. It shall be at par. We need to…

Q: Green Planet Corp. has (a) 5,600 shares of cumulative 11% preferred stock with a $2 par value and…

A: Cash dividends:   The amount of cash provided by a corporation out of its distributable profits to…

Q: Determine how much of the dividend will be paid to the preferred and common stockholders

A: Dividend is the amount of payout per share that a company makes to its stockholders both preferred…

Q: A corporation has 10,000 shares of 7%, $50 par preferred stock outstanding and 130,000 shares of…

A: Formula : Preferred dividend = Number of shares outstanding x Preferred dividend rate x Par value.

Q: Ramos Corporation reported the following equity section on its current balance sheet. The common…

A: Stock dividend is the form of dividend distribution in which additional stock are issued by the…

Q: Champion Incorporated curently has 23,300 common shares outstanding with a carrying value of…

A:

Q: Green Planet Corp. has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and…

A: Calculate the annual dividend for preferred shareholders. Dividend to Preferred shareholders =…

Q: Please I want answer for this question of multiple choice. Big thanks

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings,…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: The details of capital structure of company is given. Required  Calculate total dividend to be…

Q: Raphael Corporation’s balance sheet shows the following stockholders’ equity section.…

A: SOLUTION- THE DIVIDEND IS TO BE PAID TO SHAREHOLDERS FROM THE RETAINING EARNING S . AT FIRST ,…

Q: Sweet Company’s outstanding stock consists of 1,700 shares of noncumulative 4% preferred stock with…

A: Formula: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.